2024-08-13 13:18:52
A waist distance of 8% now has the Athens Stock Exchange from this year’s high of 1,502 units, which were recorded on May 20, that is, about three months ago.
From that meeting onwards, the listed companies were in a state of… digestion, which culminated in the previous week’s sell off.
However, there are also several companies, in particular the High Capitalizationwhose retracement from the 2024 “tops” has evolved within an absolutely controlled and limited range, keeping to single-digit levels any “chasura” of recent weeks.
The “8” that endure
For example, its share Terna Energy it is just 2% away from an intrasession high of €19.7, with the upcoming public offering at €20 supporting current valuations.
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The same, of course, applies in the case of the mother GEK TERNAwhich is only 6% away from the 24-year high of 18 euros.
At the same time, its share Cenergywhich is still riding a more than 30% rally into 2024, remains just -4.8% off its all-time high of €9.9.
At -5.6%, its distance is also determined OTE from this year’s highs (and 13-month highs) of 15.2 euros, with the change in leadership and the arrival of Costas Nebi as CEO re-heating the flirtation with buyers.
Coca-Cola and Lamda Development meanwhile, have retreated by 8% and 6.5% from their recent highs of four (34 euros) and 2.5 years (7.5 euros), respectively.
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Her stock Titan Cement, which a few days ago was at record levels of 33 euros, today it has fallen by 9.3%, while its share OPAP, thanks to the recent bullish reaction, it has dropped to -10% the distance from this year’s intra-session highs of 17.3 euros.
The “7” with a correction of more than 20%
On the other hand, of course, the investor also comes across a group of blue chips, which has corrected by at least 20% compared to the peaks of 2024. These are, specifically, the shares of Ellactor, ELVALHALCOR, Jumbo, Motor Oil, Athens International Airport, Aegean and Helleniq Energy, which are 35% to 20% away from this year’s records.
The blue chips with the smallest correction
• Terna Energy -2%
• Cenergy -4,8%
• OTE -5.6%
• GEK TERNA -6%
• Lamda Development -6,5%
• Coca Cola -8%
• Titan Cement -9,3%
• OPAP -10.2%
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(The above is the product of journalistic research and does not constitute an invitation to buy, sell or hold any stock)